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a bank issued non-redeemable preferred shares. They pay a dividend of $ 8 per non-redeemable share per year. The company today paid a dividend of

a bank issued non-redeemable preferred shares. They pay a dividend of $ 8 per non-redeemable share per year. The company today paid a dividend of $ 8 per share. If you ask for an annual return of 6%, you will have to pay for this type of share a maximum amount of

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